Economy - overview:
This South Pacific island economy is based primarily on small-scale agriculture, which provides a living for about two-thirds of the population. Fishing, offshore financial services, and tourism, with nearly 197,000 visitors in 2008, are other mainstays of the economy. Mineral deposits are negligible; the country has no known petroleum deposits. A small light industry sector caters to the local market. Tax revenues come mainly from import duties. Economic development is hindered by dependence on relatively few commodity exports, vulnerability to natural disasters, and long distances from main markets and between constituent islands. In response to foreign concerns, the government has promised to tighten regulation of its offshore financial center. In mid-2002, the government stepped up efforts to boost tourism through improved air connections, resort development, and cruise ship facilities. Agriculture, especially livestock farming, is a second target for growth. Australia and New Zealand are the main suppliers of tourists and foreign aid.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition, by end use: GDP - composition, by sector of origin: Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Fiscal year: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Vanuatu on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Vanuatu Economy 2014 information contained here. All suggestions for corrections of any errors about Vanuatu Economy 2014 should be addressed to the CIA.
$1.213 billion (2012 est.)
country comparison to the world: 202
note:
data are in 2012 US dollars
[see also: GDP country ranks ]
$776.4 million (2012 est.)
[see also: GDP (official exchange rate) country ranks ]
2.3% (2012 est.)
country comparison to the world: 127
[see also: GDP - real growth rate country ranks ]
$4,800 (2012 est.)
country comparison to the world: 160
note:
data are in 2012 US dollars
[see also: GDP - per capita country ranks ]
household consumption: 58.9%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption:
18.2%
investment in fixed capital:
26.7%
investment in inventories:
0.9%
exports of goods and services:
45.6%
imports of goods and services:
-50.3%
agriculture: 22.5%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry:
9.5%
services:
67.9% (2012 est.)
copra, coconuts, cocoa, coffee, taro, yams, fruits, vegetables; beef; fish
food and fish freezing, wood processing, meat canning
2.1% (2012 est.)
country comparison to the world: 100
[see also: Industrial production growth rate country ranks ]
115,900 (2007)
country comparison to the world: 182
[see also: Labor force country ranks ]
agriculture: 65%
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
5%
services:
30% (2000 est.)
1.7% (1999)
country comparison to the world: 7
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
NA%
revenues: $167.9 million
[see also: Budget revenues country ranks ]
expenditures:
$182.8 million (2012 est.)
21.6% of GDP (2012 est.)
country comparison to the world: 156
[see also: Taxes and other revenues country ranks ]
-1.9% of GDP (2012 est.)
country comparison to the world: 84
[see also: Budget surplus (+) or deficit (-) country ranks ]
calendar year
1.4% (2012 est.)
country comparison to the world: 25
[see also: Inflation rate (consumer prices) country ranks ]
20% (31 December 2010 est.)
country comparison to the world: 60
[see also: Central bank discount rate country ranks ]
6% (31 December 2012 est.)
country comparison to the world: 151
[see also: Commercial bank prime lending rate country ranks ]
$264.1 million (31 December 2012 est.)
country comparison to the world: 172
[see also: Stock of narrow money country ranks ]
$610.8 million (31 December 2012 est.)
country comparison to the world: 174
[see also: Stock of broad money country ranks ]
$549.4 million (31 December 2012 est.)
country comparison to the world: 163
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
$-128.6 million (2012 est.)
country comparison to the world: 75
[see also: Current account balance country ranks ]
$57.5 million (2012 est.)
country comparison to the world: 194
[see also: Exports country ranks ]
copra, beef, cocoa, timber, kava, coffee
Thailand 41.9%, Cote dIvoire 30.5%, Japan 14.7% (2012)
$322.6 million (2012 est.)
country comparison to the world: 196
[see also: Imports country ranks ]
machinery and equipment, foodstuffs, fuels
China 20.2%, Singapore 18.8%, US 15%, Japan 11.6%, Australia 10.4%, Fiji 5.2%, NZ 4.8% (2012)
$187.3 million (31 December 2012 est.)
country comparison to the world: 159
[see also: Reserves of foreign exchange and gold country ranks ]
$201.8 million (31 December 2011 est.)
country comparison to the world: 186
[see also: Debt - external country ranks ]
$565.1 million (31 December 2012 est.)
country comparison to the world: 101
[see also: Stock of direct foreign investment - at home country ranks ]
$22.3 million (31 December 2012 est.)
country comparison to the world: 95
[see also: Stock of direct foreign investment - abroad country ranks ]
vatu (VUV) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
Flags
This page was last modified 06-Nov-14